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Cryptocurrency News Articles

PEPE/USDT - Symmetrical Triangle Breakout & TOTAL3 Market Cap - Cup and Handle Pattern Validation

Dec 16, 2024 at 04:02 am

This chart of PEPE/USDT on a 4-hour timeframe shows a symmetrical triangle pattern, indicating price consolidation before a breakout.

PEPE/USDT - Symmetrical Triangle Breakout & TOTAL3 Market Cap - Cup and Handle Pattern Validation

This 4-hour timeframe chart of PEPE/USDT shows a symmetrical triangle pattern, indicating price consolidation before a breakout. Volume is decreasing as price approaches the apex, suggesting an imminent breakout. The RSI at 47.68 indicates neutral momentum.

The TOTAL3 1W chart represents the crypto market cap excluding BTC and ETH, showing a bullish cup and handle pattern with a successful retest at $1.04T. Bollinger Bands indicate an upward price squeeze, while the Stochastic RSI at 90.85 signals strong bullish momentum. The RSI Divergence Indicator at 71.70 confirms ongoing strength. The price is set for continuation above $1.06T toward $1.4T and beyond, validating a bullish outlook.

This PEPE/USDT liquidation heatmap highlights areas of significant leverage concentration and potential liquidations. The bright yellow and green zones represent high liquidity levels where large amounts of leveraged positions are concentrated, particularly around the 0.0245 and 0.0235 price ranges.

Original source:binance

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